{"id":7257,"date":"2018-11-19T14:04:50","date_gmt":"2018-11-19T14:04:50","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=7257"},"modified":"2018-11-19T14:04:50","modified_gmt":"2018-11-19T14:04:50","slug":"anadarko-allocates-200m-towards-mozambique-lng-project","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/anadarko-allocates-200m-towards-mozambique-lng-project\/","title":{"rendered":"Anadarko Allocates $200M Towards Mozambique LNG Project"},"content":{"rendered":"<p>Anadarko Petroleum the operator in Mozambique Offshore Area 1 has said it has allocated approximately\u00a0$200 million\u00a0toward its LNG project, pre FID (final investment decision), for its&#8217;s portion of the costs associated with ongoing site preparation for the shared onshore facilities.<\/p>\n<p>This even as the company \u00a0says remains on track for FID consideration in the first half of 2019, and anticipates adjusting its capital-investment expectations associated with the Mozambique LNG project at the time of project sanction.<\/p>\n<p>During the 3rd quarter, Anadarko and Area 1 co-venturers continued advancing the conversion of off-take volume from non-binding <a href=\"https:\/\/bit.ly\/2KfEUKQ\">HOAs<\/a> to long-term <a href=\"https:\/\/bit.ly\/2zc9aC3\">SPAs<\/a>.<\/p>\n<p>Additionally, progress was made on the offshore contractor and equipment providers, with recommendations for award awaiting Government of Mozambique approval. Site preparation activities are ongoing at the Afungi onshore site employing about 3000 Mozambicans.<\/p>\n<p>During the last quarter, Area 4 which is owned and operated by third parties, elected to join the Anadarko-led resettlement and airstrip projects as a 50% participant.<\/p>\n<p>Anadarko and its partners have discovered approximately\u00a075 trillion cubic feet (TCF) of\u00a0recoverable natural gas resources in Offshore Area 1.<\/p>\n<p>Anadarko\u00a0operates\u00a0Offshore Area 1\u00a0with a 26.5-percent working interest. Co-venturers include\u00a0ENH Rovuma Area Um\u00a0(15 percent),\u00a0Mitsui E&amp;P Mozambique Area1\u00a0(20 percent),\u00a0ONGC Videsh\u00a0(10 percent),\u00a0Beas Rovuma Energy Mozambique\u00a0(10 percent),\u00a0BPRL Ventures Mozambique\u00a0(10 percent), and\u00a0PTTEP Mozambique Area 1\u00a0(8.5 percent).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anadarko Petroleum the operator in Mozambique Offshore Area 1 has said it has allocated approximately\u00a0$200 million\u00a0toward its LNG project, pre FID (final investment decision), for its&#8217;s portion of the costs &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/anadarko-allocates-200m-towards-mozambique-lng-project\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":7258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[5271,7023,7024,7021,4064,7022,1636,4129,1912],"class_list":["post-7257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-anadarko-petroleum","tag-beas-rovuma-energy-mozambique","tag-bprl-ventures-mozambique","tag-enh-rovuma-area-um","tag-fid","tag-mitsui-ep-mozambique-area1","tag-mozambique","tag-offshore-area-1","tag-ongc-videsh","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/11\/Mozambique-LNG.png?fit=412%2C250&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1T3","jetpack-related-posts":[{"id":6171,"url":"https:\/\/www.oilnewskenya.com\/index.php\/anadarko-finalizes-marine-concessions-with-mozambique-for-offshore-area-1-project\/","url_meta":{"origin":7257,"position":0},"title":"Anadarko Finalizes Marine Concessions with Mozambique for Offshore Area 1 project","author":"","date":"August 1, 2017","format":false,"excerpt":"Anadarko Petroleum has announced that it had finalized two agreements with the Government of\u00a0Mozambique\u00a0\u2013 together known as the \"marine concessions\"\u00a0\u2013 which would allow it to design, build and operate the marine facilities for its LNG project in northern\u00a0Mozambique. This follows the publication of the Mozambican Government Decrees approving those agreements.\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/04\/Area-1.png?fit=388%2C528&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7708,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mcdermott-announces-contract-agreement-with-anadarko-for-mozambique-lng-development\/","url_meta":{"origin":7257,"position":1},"title":"McDermott announces contract agreement with Anadarko for Mozambique LNG development","author":"","date":"June 10, 2019","format":false,"excerpt":"McDermott International has announced that CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development. CCS JV's project scope includes the onshore engineering, procurement and construction (EPC) for all components\u2026","rel":"","context":"In \"PTTEP\"","block_context":{"text":"PTTEP","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/pttep\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Anadarko-offshore-Area-1.jpg?fit=326%2C446&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4422,"url":"https:\/\/www.oilnewskenya.com\/index.php\/minimal-funding-for-anadarkos-mozambique-lng-project-in-2016\/","url_meta":{"origin":7257,"position":2},"title":"Minimal Funding For Anadarko\u2019s Mozambique LNG project in 2016","author":"","date":"March 1, 2016","format":false,"excerpt":"Mozambique offshore Area 1 operator Anadarko has said it will allocate just minimal expenditure even as it works towards a final investment decision for its LNG project in 2016 despite huge expectations having already\u00a0selected\u00a0a consortium consisting of CB&I, Chiyoda Corporation and Saipem (CCS JV) for the initial development of the\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/04\/Area-1.png?fit=388%2C528&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7067,"url":"https:\/\/www.oilnewskenya.com\/index.php\/anadarko-heads-agreement-tokyo-gas-centrica-sell-mozambique-lng\/","url_meta":{"origin":7257,"position":3},"title":"Anadarko in Heads Of Agreement with Tokyo Gas and Centrica to sell Mozambique LNG","author":"","date":"June 18, 2018","format":false,"excerpt":"Anadarko\u00a0has announced\u00a0Mozambique LNG1 Company, the jointly owned sales entity of the\u00a0Mozambique Area 1 co-venturers, has signed a\u00a0Heads of Agreement (HOA)\u00a0with\u00a0Tokyo Gas\u00a0and\u00a0Centrica LNG\u00a0for the long-term supply of LNG. The co-purchasing off-take agreement calls for the delivered ex-ship supply of 2.6 million tonnes per annum\u00a0(MTPA) from the start-up of production until the\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Anadarko-offshore-Area-1.jpg?fit=326%2C446&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7801,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambiques-gas-projects-enter-implementation-phase\/","url_meta":{"origin":7257,"position":4},"title":"Mozambique\u2019s Gas Projects Enter Implementation Phase","author":"","date":"October 14, 2019","format":false,"excerpt":"Mozambique, Gas, FID, Wood Mac, ExxonMobil, Rovuma LNG project, Anadarko, Area 4, ENH,","rel":"","context":"In \"Baker Hughes\"","block_context":{"text":"Baker Hughes","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/baker-hughes\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/Mozambique-LNG-Park.jpg?fit=660%2C408&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/Mozambique-LNG-Park.jpg?fit=660%2C408&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/Mozambique-LNG-Park.jpg?fit=660%2C408&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":2947,"url":"https:\/\/www.oilnewskenya.com\/index.php\/anadarko-selects-contractor-initial-onshore-mozambique-lng-development\/","url_meta":{"origin":7257,"position":5},"title":"Anadarko Selects Contractor For Initial Onshore Mozambique LNG Development","author":"","date":"May 20, 2015","format":false,"excerpt":"Anadarko Petroleum Corporation on behalf of the co-venturers in Mozambique's\u00a0Offshore Area 1, and after a competitive FEED (front-end engineering and design) process has announced the selection of a consortium consisting of CB&I, Chiyoda Corporation and Saipem (CCS JV) for the initial development of the onshore LNG park in\u00a0Mozambique. According to\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/lng1.jpg?fit=660%2C435&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/lng1.jpg?fit=660%2C435&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/lng1.jpg?fit=660%2C435&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=7257"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7257\/revisions"}],"predecessor-version":[{"id":7259,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7257\/revisions\/7259"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/7258"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=7257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=7257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=7257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}